Having a hard time meeting that big mortgage payment for the oversized place you probably shouldn't have borrowed to pay for? Well, relief might be in the cards. That is if you're willing to have a porno shot in your home.
Jerry Mendoza says he's willing to go to an extreme he wouldn't have before the real estate slump. It hit Southern California hard, with the median home price in a six-county region falling a record 34 percent in November to $285,000, according to research company MDA DataQuick.
His four-bedroom house in suburban Burbank, which Mendoza built in 2006, didn't sell for the $1.3 million he asked, and when renters left in November he began leasing it for filming. The most he received for a day was $1,300, he said. So he posted an Internet notice that the property, which has an eight-person hot tub, was available to the adult-film industry, which he had heard pays as much as $5,000 a day.
What's more? Income from sporadic filming (under 15 days a year) is tax-free.
Film, Porn Shoots Sought by Los Angeles Homeowners Hit by Slump [Bloomberg]